Seasonality
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INVH - Average returns for the respective month in the last 5 years
Apr is the seasonally strongest month over 5Y.
Apr averages +5.2% with a 57% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -5.3% with only a 0% win rate across 5 years of history.
Q2 (Apr–May–Jun) is the seasonally strongest quarter.
The three months of Q2 combine for a +8.8% average return historically.
Q1 historically shows a slow seasonal start.
Q1 (Jan–Mar) averages -3.6% historically, with January alone posting a 17% win rate.
2026 YTD is tracking above the 5Y seasonal average.
At day 155 of the year, the current YTD return is +2.8% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.81% | -1.46% | -4.51% | 15.77% | 1.67% | 4.34% | -1.62% | 1.92% | ||||
| 2025 | -2.56% | 9.18% | 3.34% | -1.89% | -1.43% | -1.81% | -6.55% | 2.09% | -5.32% | -4.02% | 0.18% | -0.36% |
| 2024 | -3.46% | 3.46% | 5.38% | -3.96% | 1.73% | 3.99% | -1.73% | 4.45% | -3.53% | -10.92% | 9.04% | -5.82% |
| 2023 | 9.65% | -3.04% | -0.10% | 6.85% | 2.30% | 1.53% | 3.20% | -3.25% | -7.04% | -6.31% | 13.28% | 3.09% |
| 2022 | -7.41% | -9.49% | 6.30% | -0.90% | -4.72% | -5.67% | 9.70% | -6.50% | -6.92% | -6.16% | 3.70% | -9.16% |
| 2021 | -0.74% | -0.59% | 9.78% | 9.60% | 3.96% | 2.81% | 9.09% | 1.66% | -6.92% | 7.62% | -1.55% | 12.12% |
| 2020 | -8.40% | -25.51% | 10.67% | 11.87% | 4.68% | 8.32% | -3.51% | -2.24% | -2.61% | 5.39% | 3.92% | |
| Avg | -1.39% | -1.48% | -0.76% | 5.16% | 2.19% | 1.41% | 2.91% | -0.84% | -5.33% | -3.73% | 5.01% | 0.63% |
INVH - Average growth of $100 invested at start of year
5 years of data
INVH Distribution of Daily Returns from 2021 to 2026
INVH Distribution of Daily % Changes